Power Co. of Canada (TSE:POW)‘s stock had its “outperform” rating reissued by equities researchers at CIBC in a note issued to investors on Monday, Stock Target Advisor reports. They presently have a C$40.00 price target on the financial services provider’s stock. CIBC’s price objective would suggest a potential upside of 9.80% from the stock’s previous close.
Several other research analysts also recently commented on the company. Royal Bank of Canada raised their price objective on Power Co. of Canada from C$34.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Thursday, March 18th. BMO Capital Markets lifted their price target on Power Co. of Canada from C$34.00 to C$35.00 in a report on Sunday, March 21st. National Bank Financial reiterated a “sector perform overweight” rating and issued a C$38.00 price target on shares of Power Co. of Canada in a report on Friday, April 30th. National Bankshares set a C$38.00 price target on Power Co. of Canada and gave the company an “outperform” rating in a report on Friday, April 30th. Finally, TD Securities lifted their price target on Power Co. of Canada from C$36.00 to C$38.00 and gave the company a “buy” rating in a report on Thursday, March 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$37.86.
TSE POW opened at C$36.43 on Monday. The firm has a market cap of C$24.65 billion and a price-to-earnings ratio of 11.83. The company has a quick ratio of 14.97, a current ratio of 17.90 and a debt-to-equity ratio of 55.62. The business has a 50-day moving average price of C$34.00 and a 200-day moving average price of C$30.66. Power Co. of Canada has a twelve month low of C$18.79 and a twelve month high of C$36.70.
Power Co. of Canada Company Profile
Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through three segments: Lifeco, IGM Financial, and GBL. The company offers life, disability, critical illness, accidental death, dismemberment, dental protection, creditor, and health insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.
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